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's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo, abc7 news
% increase from 2010. the study says the uptick is a sign more are confident about the economy. also cautions some chose to start their own businesses because they couldn't find other jobs. economists have said the economy won't fully recover until small businesses pick up the pace of hiring. >>> this morning the fda may be ready to turn to outside experts for advice on energy drinks. in the last month monster and five hour energy have come under scrutiny. now "the new york times" reports the fda may turn to experts from the institute of medicine and other agencies to determine whether those drinks pose a safety risk to consumers. this is a sign the fda does not plan to take immediate action on energy drinks. >>> average american household spends more than $1500 every year on cell phone service. there are ways to save. michael finney and consumer reports look at prepaid options. >> reporter: good morning. if you're looking to save on your cell phone bill, consumer reports says a prepaid plan maybe your best option. it seems like everyone is on a smartphone these days. and we are paying big bu
Search Results 0 to 1 of about 2